10 Cash-Rich Undervalued Stocks To Invest In

7. Halliburton Company (NYSE:HAL)

P/E Ratio as of March 3: 9.32

TTM Operating Cash Flow as of December 31, 2024: $3,865,000,000

Number of Hedge Fund Holders: 49

Halliburton Company (NYSE:HAL) is a global energy services company that assists oil and gas companies with operations ranging from well stimulation and cementing to artificial lift and pipeline solutions. On February 26, Halliburton and Sekal AS introduced the world’s first fully automated on-bottom drilling system, combining Halliburton’s LOGIX automation, Sekal’s Drilltronics, and rig automation controls. The technology was successfully used on an Equinor well in Norway, allowing real-time drilling optimization and precise well placement with the push of a button. It is one of the best cash rich stocks to buy.

On February 12, 2025, Halliburton declared a $0.17 per share dividend for Q1 2025, payable on March 26 to shareholders on record as of March 5. The company reported $22.9 billion in revenue for 2024. Halliburton Company (NYSE:HAL) brought in $3.9 billion in operating cash flow and $2.6 billion in free cash flow. Investors received a 60% return on free cash flow, with $1 billion spent on stock buybacks and $600 million paid out in dividends.

According to Insider Monkey’s Q4 data, 49 hedge funds reported owning stakes in Halliburton Company (NYSE:HAL), compared to 38 funds in the previous quarter.